Category: Business

The United States and Japan launched a new high-level economic dialogue Friday aimed at pushing back against China and countering the disruption caused by Russia's invasion of Ukraine. The two longtime allies agreed to establish a new joint research center for next-generation semiconductors during the…

The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.  The House approved the bill by…

The U.S. Justice Department is investigating a cyber breach involving the federal court records management system, the department's top national security attorney told lawmakers Thursday. Matt Olsen, head of the Justice Department's National Security Division, alluded to the threat of cyberattacks by foreign nations as…

 Twitter Inc. does not object to Elon Musk's proposal to start a trial on October 17 over Musk's bid to walk away from his $44 billion acquisition deal but the social media company wants a commitment to complete the trial in five days, Twitter said…

Meta Platforms Inc. issued a gloomy forecast after recording its first ever quarterly drop in revenue Wednesday, with recession fears and competitive pressures weighing on its digital ads sales.  Shares of the Menlo Park, California-based company were down about 4.6% in extended trading.  The company…

The U.S. Senate has passed a $280 billion initiative that would boost domestic production of microchips and provide support for a key industry that competes with overseas countries including China. VOA’s Congressional Correspondent Katherine Gypson reports. ...

The U.S. Senate voted 64-32 on Tuesday to advance legislation to dramatically boost U.S. semiconductor manufacturing in a bid to make the domestic industry more competitive with China. The legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an…

A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right. The bill making its way through the Senate is a top priority of the Biden…

From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a range of…

The Senate this week took a key step toward passing a bill meant to provide $52 billion in subsidies to the semiconductor industry in the United States, part of an effort that lawmakers have characterized as protecting the country from supply shortages such as those…

Twitter appeared to be working again after a widespread outage earlier Thursday. The site Downdetector.com, which logs service outages, reported it was the first such outage since February and impacted people in the United States, the United Kingdom, Mexico, Brazil, Italy and others. Starting around…

Cryptocurrencies use an enormous amount of energy, and as the industry grows rapidly, so do concerns about its impact on the climate. Matt Dibble has the story. ...

Twitter sued Tesla CEO Elon Musk on Tuesday to force him to complete the $44 billion acquisition of the social media company.  Musk and Twitter have been bracing for a legal fight since the billionaire said on Friday he was backing off of his April…

The U.S. space agency NASA released the set of the first full-color images from the James Webb Space Telescope Tuesday, a day after sharing a full-color picture of stars and galaxies deeper into the cosmos than ever seen before. Watch here: U.S. President Joe Biden…

As the U.S. reels from a surge of recent mass shootings, some technologists are focusing on how to prevent casualties. VOA’s Julie Taboh spoke with a couple of entrepreneurs who have developed gun-detecting technologies. ...

Shares of Twitter slid more than 6% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.  Twitter…

As Uber aggressively pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws, used a "kill switch'' to thwart regulators and law enforcement, channeled money through Bermuda and other tax havens and considered portraying violence against its…

Millions of Canadians found out Friday what it is like to live without access to the internet and mobile phone service. Rogers Communications, the country’s largest mobile and internet provider, experienced a major outage, beginning Friday morning and lasting most of the day. The outage…

Twitter said Thursday it removes more than 1 million spam and bot accounts every day. The removals come as Tesla founder Elon Musk, who is in the process of acquiring the company, continues to pressure Twitter to reduce spam accounts. He has threatened to cancel…

Many people struggle with feelings of loneliness and social isolation. For some, a robot companion might make a difference, and states like New York are starting to provide them to residents free of charge. VOA's Julie Taboh has more. Videographer: Adam Greenbaum Produced by: Julie Taboh,…

A rural town in central Texas is home to the largest bitcoin mining facility in North America, bringing jobs and welcomed vitality into the community. But critics warn the operations are part of a volatile new industry. Deana Mitchell has the story. ...

Elon Musk's deployment of thousands of Starlink satellite internet terminals to Ukraine has been a major help for the country in its fight against Russia. VOA's Russia Service has the story. ...

Instagram is blocking posts that mention abortion from public view, in some cases requiring its users to confirm their age before letting them view posts that offer up information about the procedure.  Over the last day, several Instagram accounts run by abortion rights advocacy groups…

Future waves of COVID-19 might be predicted using internet search data, according to a study published in the journal Scientific Reports. In the study, researchers watched the number of COVID-related Google searches made across the country and used that information, together with conventional COVID-19 metrics…

This week, the Group of Seven leaders launched a $600 billion global infrastructure initiative they say will compete with China’s Belt and Road Initiative. VOA White House correspondent Anita Powell reports from Telfs, Austria, with reporting from Patsy Widakuswara in Washington. ...

NASA, the National Aeronautics and Space Administration, has successfully completed its first rocket launch from a commercial space facility outside of the United States. A 13-meter rocket blasted off Monday from a site in the Australian outback. A 13-meter sub-orbital rocket took off from the…

Coinciding with unrelenting cyberattacks against Ukraine, state-backed Russian hackers have engaged in "strategic espionage" against governments, think tanks, businesses and aid groups in 42 countries supporting Kyiv, Microsoft said in a report Wednesday. "Since the start of the war, the Russian targeting [of Ukraine's allies]…

Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting…